A Rare Riverside Project Showcased by CapitaLand in District 1 CBD, Vietnam with Exclusive Foreign Quota First Launched in Hong Kong
The latest investment hotspot backed by international industry giants
HONG KONG, June 16, 2022 /PRNewswire/ — With overwhelming global support, world-renowned developer CapitaLand launches Zenity, the rare waterfront project located in District 1 CBD with Asia Bankers Club, golden emperor and Ashton Hawksoffering all of their exclusive foreign quotas at their launch event to be held on the 25the – 26e June, with prices starting at HK$3.5 million.
Questioning the status of “the factory of the world” | Strong increase in the influx of FDI
Over the past two years, during the pandemic, many international companies have moved their manufacturing bases to Vietnam in an attempt to diversify their risks, the Foreign Direct Investments (FDI) of Vietnam increased exponentially, registering an impressive number US$10.8 billion net amount of FDI in the first four months of 2022 alone, which is equivalent to a growth of 88.3% year-on-year. In Vietnamthe processing and manufacturing industry won the crown with the largest amount of investment totaling US$6.2 billion, which corresponds to 57.2% of the general total of FDI received. Second place goes to the real estate sector, with US$2.8 billion invested, i.e. 26.1% of the total investment.
Multinational giants like Apple, Samsung, LG and Microsoft have steadily expanded their manufacturing bases in Vietnam that led to the rise of the middle class, while Vietnam also became the city with the highest growth in the number of UHNWIs. In 2021, there are 1,234 people with a net worth of 30 million US dollars or more, and there are 72,135 with assets accumulating to over one hundred million dollars, the number of UHNWIs is estimated to be growing at an annual rate of 26%, meaning there will be a millionaire out of 850 people in Vietnam in just 4 years.
M Ronald Taithe spokesperson for CapitaLand Development (Vietnam), comments: “HCMC’s next five-year plan has a target of 8% average growth in Gross Regional Product (GRDP) from 2020 to 2025, with a projected per capita income of US$8,500 at $9,000 per year in 2025. The increase in the middle class population has led to an increase in demand for high quality residential properties. This can be seen in the way all units of D1MENSION, a subsidiary of the group, were sold within a short period of time after the sale. Among the units sold, Asia Bankers Club, golden emperor and Ashton Hawks have sold many units in hong kong. In addition, the group organized a priority preview of Zenity in Ho Chi Minh City earlier, attracting over 400 interested buyers to participate. It is expected that the property will sell again soon after the official launch.”
Mr. Kingston Lai, CEO of Asia Bankers Club, golden emperor and Ashton Hawksadds “In recent years, the supply of new housing in HCMC has been lacking, and some areas have even experienced a shortage of land. Last year, a plot at Thu Thiema new development area in District 2, attracted fierce auction competition and ultimately sold for the exorbitant price of $100,000 per square meter. In the past, only District 1 would have recorded a land price higher than US$100,000 per square meter. This shows that the high land price is spreading to the other districts, while prices in District 1 are expected to reach new highs. »
Scarcity of supply of new residential projects in downtown District 1
With rising land prices, property prices are expected to follow – coupled with the limited supply of new homes, they have all contributed to the skyrocketing property prices in HCMC. M Ivan Yammanaging director and partner of golden emperor says: “From the third quarter of 2021, the supply of condominium units in Ho Chi Minh City plunged 70% year-over-year to 3,000 units, the lowest level in five years, pushing the city’s real estate prices up 8.2%. In fact, property prices in the general areas of HCMC have doubled over the past 3-5 years, from an average of $1,000 per square meter to more $2,000 per square meter. Property prices in the Financial District have risen even more dramatically, with new properties selling for up to $7,000 per square meter.”
Launches of exclusive foreign quotas | Buy now Pay later for completed units
Zenity, developed by listed developer CapitaLand, is located in the waterfront area of District 1, Ho Chi Minh City. It is instantly accessible at many major HCMC sites. It is a 5-minute walk from Nguyen Hue Pedestrian Street, Ben Thanh Market, the center of Saigon and the main shopping areas. It is also a 10 minute drive to the new business district Thu Thiem and a 15-minute drive to District 7, a Korean residential community with many international schools. M Frederic HoDirector & Partner of Ashton Hawks comments, “Zenity is located in District 1, which is rarely available in HCMC, it is also a fully furnished completed project with many residential facilities such as a fitness room, BBQ area, beachfront bar swimming pool, a coworking space and a party room, etc. are very flexible payment schemes available in which investors can buy to rent now or buy first and pay later, which makes the project even more attractive. The project offers 198 units, ranging from 742 square feet to 1,969 square feet, with 2-bedroom, 3-bedroom, duplex and penthouse on the top floor, with an estimated average rental yield of 5% per year.* Due to the foreign quota , only 59 units are available, all launched exclusively in hong kongand overseas residents are entitled to an extended 50-year lease with prices starting at HK$3.5 million.”
Asian Bankers Club, golden emperor and Ashton Hawks will exclusively launch Zenity in hong kongat an investment seminar held at 27/F, Park Lane Hotel on the 25the & 26e June 2022.
*The rental yield is provisional and not guaranteed
About Capital Land
CapitaLand Group (CapitaLand) is one of from Asia large diversified real estate groups. Based at Singapore, CapitaLand’s portfolio spans diverse property classes that include integrated developments, retail, office, housing, residential parks, business parks, industrial, logistics and data centers. Present in more than 260 cities in more than 40 countries, the Group focuses on Singapore and China as its main markets, while continuing to expand into markets such as India, Vietnam, Australia, Europe and the UNITED STATES.
About the Asian Bankers Club
The Asia Bankers Club is a private investment club for banking and finance professionals in Asia. With a large membership base, the Asia Bankers Club organizes events for its members and offers physical asset options for investments, such as properties, fine wines, art, watches and collectibles. collection. Our members come from leading investment banks, private and consumer banks, asset management firms, private equity firms, hedge funds and sovereign wealth funds primarily located in key financial centers.
About golden emperor
Golden Emperor Properties Limited is a hong kongNew York-based company that offers international properties to clients in hong kong and globally. The company works with property developers in Thailand, Vietnam, Japan, Malaysiathe UKthe UNITED STATES, Australia, Europe, and many more. The company has a team of dedicated sales agents who can provide advice and information on relevant transaction-related topics, such as taxation, sales and purchase procedures, payment schedules and more. others.
About Ashton Hawks
Ashton Hawks was created by a group of renowned investment gurus and private collectors who laid the very foundations of discernment Ashton Hawks, balancing luxury leisure lifestyle and investment. Our head office is located at hong kongwith branches abroad bangkok and Vietnam. Ashton Hawk’s The real estate portfolio is as diverse in style as it is in mega-estates around the world and caters to luxury lifestyles of all kinds. Ashton Hawks prides itself on being a boutique yet original real estate consultant in the luxury market segment for the ultra-affluent.
SOURCE Asia Bankers Club